Where in the Exit Franchise Agreement can I find information about the Exit Formula?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
- (F) EXIT Formula: "EXIT Formula" means the system of fees and dues described in Schedule 2 attached to this Agreement.
19. THE EXIT FORMULA
See Schedule 2 attached to and incorporated in this Agreement.
SCHEDULE 2 EXIT FORMULA
THE EXIT FORMULA
(U.S. Revision Effective-03.23.25)
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, the Exit Formula, which outlines the system of fees and dues, is detailed in Schedule 2 attached to the Franchise Agreement. Additionally, Section 19 of the Franchise Agreement specifically refers to the Exit Formula and directs the franchisee to Schedule 2 for more information.
Schedule 2 itself is titled "EXIT FORMULA" and indicates a U.S. revision effective as of March 23, 2025. This schedule provides details regarding the franchisor, Exit Realty Corp. International, and its role in overseeing and supporting Exit Subfranchises and Franchises. It also defines Sales Representatives and Exit Associates, outlining the requirements and effective dates for each.
For a prospective Exit franchisee, this means that understanding the fee structure and payment obligations is crucial. Schedule 2, as referenced in both the definitions section and Section 19 of the Franchise Agreement, is the primary source of this information. Franchisees should carefully review Schedule 2 to fully understand all fees and dues associated with operating an Exit franchise.